DTN Early Word Grains         12/22 05:44
   Winter Starts with Cold Corn, Soybean, and Wheat Markets

   March corn is up 2 1/2 cents per bushel, January soybeans are up 3 3/4
cents, March KC wheat is up 4 1/4 cents, March Chicago wheat is up 5 1/2 cents,
and MIAX March Minneapolis wheat is down 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 1/2 cents per bushel,
January soybeans are up 3 3/4 cents, March KC wheat is up 4 1/4 cents, March
Chicago wheat is up 5 1/2 cents, and MIAX March Minneapolis wheat is down
0.0050 cents.

   CME GLOBEX RECAP: On Friday, corn, soybean, and wheat prices closed lower. A
lack of fresh bullish news gave the market bears control in the end. The
soybean market had only three higher trading sessions in December. The cheers
of an oversold market have begun. The corn market is underpinned by strong
demand, but it hits resistance and can't break through. Like corn, the wheat
market has a story with strong demand, yet global supplies have caught the
attention of the traders. Monday's reports will start what will very likely be
a muted Holiday trading week as well. USDA will release another catch-up export
sales report at 7:30 a.m. CST, with data as of December 4. Monday morning, the
USDA will also release its export inspections report as of last Thursday,
December 18. Also, the EIA will move up its regularly released Wednesday
Petroleum Status Report to Monday. Tuesday, the USDA will release weekly export
sales data as of December 11.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average up 183.04 at 48,134.89 and the S&P 500 up 59.74 at 6,834.50. The
10-Year Treasury yield ended at 4.151%. Early Monday, the March Dow Jones
Futures are up 17 points. European markets are lower, with the spot futures of
London's FTSE 100 trading down 0.42%, spot futures of Germany's DAX are trading
down 0.09% and the spot futures of France's CAC 40 Index are down 0.42%. Asian
markets are higher, with Japan's Nikkei 225 Index up 1.81% and China's Shanghai
Composite Index up 0.69%.